Enhanced Investments - Financial Portal

Published: 2022-07-15 00:00:00 ET

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Exhibit 99.2

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CITIGROUP -- QUARTERLY FINANCIAL DATA SUPPLEMENT		2Q22


		Page
Citigroup
Financial Summary		1
Consolidated Statement of Income		2
Consolidated Balance Sheet		3
Operating Segment and Reporting Unit - Net Revenues and Income		4

Institutional Clients Group (ICG)		5
Reporting Unit Revenues		6
Personal Banking and Wealth Management (PBWM)		7
Metrics		8
Legacy Franchises		9
Corporate / Other		10

Citigroup Supplemental Detail
Average Balances and Interest Rates		11
EOP Loans		12
Deposits		13
Allowance for Credit Losses (ACL) Rollforward		14
Allowance for Credit Losses on Loans and Unfunded Lending Commitments		15 - 16
Non-Accrual Assets		17
CET1 Capital and Supplementary Leverage Ratios, Tangible Common Equity, Book Value Per Share and Tangible Book Value Per Share		18

CITIGROUP FINANCIAL SUMMARY

(In millions of dollars, except per share amounts and as otherwise noted)

	2Q			3Q			4Q			1Q			2Q			2Q22 Increase/ (Decrease) from		Six Months			Six Months			YTD 2022 vs. YTD 2021 Increase/
	2021			2021			2021			2022			2022			1Q22	2Q21	2021			2022			(Decrease)
Total revenues, net of interest expense⁽¹⁾⁽²⁾	$	17,753		$	17,447		$	17,017		$	19,186		$	19,638		2%	11%	$	37,420		$	38,824		4%
Total operating expenses⁽¹⁾⁽³⁾		11,471			11,777			13,532			13,165			12,393		(6%)	8%		22,884			25,558		12%
Net credit losses (NCLs)		1,320			961			866			872			850		(3%)	(36%)		3,068			1,722		(44%)
Credit reserve build / (release) for loans		(2,446)			(1,149)			(1,176)			(612)			534		NM	NM		(5,673)			(78)		99%
Provision / (release) for unfunded lending commitments		44			(13)			(193)			474			(159)		NM	NM		(582)			315		NM
Provisions for benefits and claims, HTM debt securities and other assets		16			9			38			21			49		NM	NM		66			70		6%
Provisions for credit losses and for benefits and claims		(1,066)			(192)			(465)			755			1,274		69%	NM		(3,121)			2,029		NM
Income from continuing operations before income taxes		7,348			5,862			3,950			5,266			5,971		13%	(19%)		17,657			11,237		(36%)
Income taxes⁽⁴⁾		1,155			1,193			771			941			1,182		26%	2%		3,487			2,123		(39%)
Income from continuing operations		6,193			4,669			3,179			4,325			4,789		11%	(23%)		14,170			9,114		(36%)
Income (loss) from discontinued operations, net of taxes⁽⁵⁾		10			(1)			-			(2)			(221)		NM	NM		8			(223)		NM
Net income before noncontrolling interests		6,203			4,668			3,179			4,323			4,568		6%	(26%)		14,178			8,891		(37%)
Net income (loss) attributable to noncontrolling interests		10			24			6			17			21		24%	NM		43			38		(12%)
Citigroup's net income	$	6,193		$	4,644		$	3,173		$	4,306		$	4,547		6%	(27%)	$	14,135		$	8,853		(37%)

Diluted earnings per share:
Income from continuing operations	$	2.84		$	2.15		$	1.46		$	2.02		$	2.30		14%	(19%)	$	6.47		$	4.32		(33%)
Citigroup's net income	$	2.85		$	2.15		$	1.46		$	2.02		$	2.19		8%	(23%)	$	6.47		$	4.20		(35%)

Preferred dividends	$	253		$	266		$	229		$	279		$	238		(15%)	(6%)	$	545		$	517		(5%)

Income allocated to unrestricted common shareholders - basic
Income from continuing operations	$	5,889		$	4,353		$	2,924		$	4,004		$	4,495		12%	(24%)	$	13,474		$	8,499		(37%)
Citigroup's net income	$	5,899		$	4,352		$	2,924		$	4,002			4,274		7%	(28%)	$	13,482		$	8,276		(39%)

Income allocated to unrestricted common shareholders - diluted
Income from continuing operations	$	5,897		$	4,361		$	2,932		$	4,012		$	4,506		12%	(24%)	$	13,490		$	8,518		(37%)
Citigroup's net income	$	5,907		$	4,360		$	2,932		$	4,010		$	4,285		7%	(27%)	$	13,498		$	8,295		(39%)

Shares (in millions):
Average basic		2,056.5			2,009.3			1,984.3			1,971.7			1,941.5		(2%)	(6%)		2,069.3			1,956.6		(5%)
Average diluted		2,073.0			2,026.2			2,001.6			1,988.2			1,958.1		(2%)	(6%)		2,084.8			1,973.2		(5%)
Common shares outstanding, at period end		2,026.8			1,984.3			1,984.4			1,941.9			1,936.7		-	(4%)

Regulatory capital ratios and performance metrics:
Common Equity Tier 1 (CET1) Capital ratio^(6)(7)(8)		11.77	%		11.65	%		12.25	%		11.38	%		11.9	%
Tier 1 Capital ratio^(6)(7)(8)		13.28	%		13.15	%		13.91	%		12.98	%		13.5	%
Total Capital ratio^(6)(7)(8)		15.58	%		15.37	%		16.04	%		14.84	%		15.1	%
Supplementary Leverage ratio (SLR)^(6)(8)(9)		5.84	%		5.80	%		5.73	%		5.58	%		5.6	%
Return on average assets		1.06	%		0.79	%		0.53	%		0.74	%		0.77	%				1.22	%		0.75	%
Return on average common equity		13.0	%		9.5	%		6.4	%		9.0	%		9.7	%				15.1	%		9.3	%
Average tangible common equity (TCE) (in billions of dollars)	$	156.9		$	157.4		$	157.0		$	155.3		$	154.4		(1%)	(2%)	$	155.8		$	155.3		-
Return on average tangible common equity (RoTCE)		15.2	%		11.0	%		7.4	%		10.5	%		11.2	%				17.6	%		10.8	%
Efficiency ratio (total operating expenses/total revenues, net)		64.6	%		67.5	%		79.5	%		68.6	%		63.1	%	-550 bps	-150 bps		61.2	%		65.8	%	460 bps

Balance sheet data (in billions of dollars, except per share amounts):
Total assets	$	2,327.9		$	2,361.9		$	2,291.4		$	2,394.1		$	2,380.9		(1%)	2%
Total average assets		2,341.8			2,346.0			2,386.2			2,374.0			2,380.1		-	2%		2,329.3			2,377.1		2%
Total loans		676.8			664.8			667.8			659.7			657.3		-	(3%)
Total deposits		1,310.3			1,347.5			1,317.2			1,333.7			1,321.8		(1%)	1%
Citigroup's stockholders' equity		202.2			200.9			202.0			197.7			199.0		1%	(2%)
Book value per share		90.86			92.16			92.21			92.03			92.95		1%	2%
Tangible book value per share		77.87			79.07			79.16			79.03			80.25		2%	3%

Direct staff (in thousands)		214			220			223			228			231		1%	8%

(1)	During the fourth quarter of 2021, Citi reclassified deposit insurance expenses from Interest expense to Other operating expenses for all periods presented. For additional information, see Note 1 to the Consolidated Financial Statements in Citi's 2021 Annual Report on Form 10-K.

(2)	The third quarter of 2021 includes an approximate $680 million loss on sale (an approximate $580 million after-tax), related to Citi's agreement to sell its Australia consumer banking business.

(3)	The fourth quarter of 2021 includes approximately $1.052 billion in expenses (approximately $792 million after-tax), primarily related to charges incurred from the voluntary early retirement plan (VERP) in connection with the wind-down of Citi's consumer banking business in Korea.

(4)	2021 includes an approximate $600 million benefit from a reduction in Citi’s valuation allowance related to its Deferred Tax Assets (DTAs).

(5)

2Q22 discontinued operations reflects the release of a currency translation adjustment (CTA) loss (net of hedges) recorded in Accumulated Other Comprehensive Income (AOCI) related to the substantial liquidation of a legal entity (with a non-U.S. dollar functional currency), that had previously divested a legacy business.

(6)	2Q22 is preliminary.

(7)

For all periods presented, Citi's reportable CET1 Capital and Tier 1 Capital ratios were derived under the Basel III Standardized Approach framework, whereas Citi's reportable Total Capital ratios were derived under the Basel III Advanced Approaches framework. These reportable ratios reflect the more binding ratios under both the Standardized Approach and the Advanced Approaches under the Collins Amendment. For the composition of Citi's CET1 Capital and ratio, see page 18.

(8)	Citi's regulatory capital ratios reflect certain deferrals based on the modified regulatory capital transition provision related to the Current Expected Credit Losses (CECL) standard. For additional information, see "Capital Resources" in Citi's 2021 Annual Report on Form 10-K.

(9)	For the composition of Citi's SLR, see page 18.

Note: Ratios and variance percentages are calculated based on the displayed amounts.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 1

CITIGROUP CONSOLIDATED STATEMENT OF INCOME

(In millions of dollars)


	2Q		3Q		4Q		1Q		2Q		2Q22 Increase/ (Decrease) from		Six Months		Six Months		YTD 2022 vs. YTD 2021 Increase/
	2021		2021		2021		2022		2022		1Q22	2Q21	2021		2022		(Decrease)

Revenues
Interest revenue	$	12,463	$	12,650	$	12,828	$	13,151	$	15,630	19%	25%	$	24,997	$	28,781	15%
Interest expense⁽¹⁾		1,985		1,959		2,009		2,280		3,666	61%	85%		4,013		5,946	48%
Net interest income (NII)		10,478		10,691		10,819		10,871		11,964	10%	14%		20,984		22,835	9%

Commissions and fees		3,374		3,399		3,229		2,568		2,452	(5%)	(27%)		7,044		5,020	(29%)
Principal transactions		2,304		2,233		1,704		4,590		4,525	(1%)	96%		6,217		9,115	47%
Administrative and other fiduciary fees		1,022		1,007		953		966		1,023	6%	-		1,983		1,989	-
Realized gains (losses) on investments		137		117		10		80		(58)	NM	NM		538		22	(96%)
Impairment losses on investments and other assets		(13)		(30)		(94)		(90)		(96)	(7%)	NM		(82)		(186)	NM
Provision for credit losses on AFS debt securities⁽²⁾		-		(1)		(2)		-		2	NM	NM		-		2	NM
Other revenue (loss)		451		31		398		201		(174)	NM	NM		736		27	(96%)
Total non-interest revenues (NIR)		7,275		6,756		6,198		8,315		7,674	(8%)	5%		16,436		15,989	(3%)
Total revenues, net of interest expense		17,753		17,447		17,017		19,186		19,638	2%	11%		37,420		38,824	4%


Provisions for credit losses and for benefits and claims
Net credit losses		1,320		961		866		872		850	(3%)	(36%)		3,068		1,722	(44%)
Credit reserve build / (release) for loans		(2,446)		(1,149)		(1,176)		(612)		534	NM	NM		(5,673)		(78)	99%
Provision for credit losses on loans		(1,126)		(188)		(310)		260		1,384	NM	NM		(2,605)		1,644	NM
Provision for credit losses on held-to-maturity (HTM) debt securities		4		(10)		14		(2)		20	NM	NM		(7)		18	NM
Provision for credit losses on other assets		(3)		(3)		(3)		(4)		7	NM	NM		6		3	(50%)
Policyholder benefits and claims		15		22		27		27		22	(19%)	47%		67		49	(27%)
Provision for credit losses on unfunded lending commitments		44		(13)		(193)		474		(159)	NM	NM		(582)		315	NM
Total provisions for credit losses and for benefits and claims⁽³⁾		(1,066)		(192)		(465)		755		1,274	69%	NM		(3,121)		2,029	NM

Operating expenses
Compensation and benefits		5,982		6,058		7,093		6,820		6,472	(5%)	8%		11,983		13,292	11%
Premises and equipment		558		560		620		543		619	14%	11%		1,134		1,162	2%
Technology / communication		1,895		1,997		2,084		2,016		2,068	3%	9%		3,747		4,084	9%
Advertising and marketing		340		402		478		311		414	33%	22%		610		725	19%
Other operating⁽¹⁾		2,696		2,760		3,257		3,475		2,820	(19%)	5%		5,410		6,295	16%
Total operating expenses		11,471		11,777		13,532		13,165		12,393	(6%)	8%		22,884		25,558	12%

Income from continuing operations before income taxes		7,348		5,862		3,950		5,266		5,971	13%	(19%)		17,657		11,237	(36%)
Provision for income taxes ⁽⁴⁾		1,155		1,193		771		941		1,182	26%	2%		3,487		2,123	(39%)

Income (loss) from continuing operations		6,193		4,669		3,179		4,325		4,789	11%	(23%)		14,170		9,114	(36%)
Discontinued operations⁽⁵⁾
Income (loss) from discontinued operations		10		(1)		-		(2)		(262)	NM	NM		8		(264)	NM
Provision (benefit) for income taxes		-		-		-		-		(41)	NM	NM		-		(41)	NM
Income (loss) from discontinued operations, net of taxes		10		(1)		-		(2)		(221)	NM	NM		8		(223)	NM

Net income before noncontrolling interests		6,203		4,668		3,179		4,323		4,568	6%	(26%)		14,178		8,891	(37%)
Net income (loss) attributable to noncontrolling interests		10		24		6		17		21	24%	NM		43		38	(12%)

Citigroup's net income	$	6,193	$	4,644	$	3,173	$	4,306	$	4,547	6%	(27%)	$	14,135	$	8,853	(37%)

(1)	See footnote 1 on page 1.

(2)	This presentation is in accordance with ASC 326, which requires the provision for credit losses on AFS securities to be included in revenue.

(3)	This total excludes the provision for credit losses on AFS securities, which is disclosed separately above.

(4)	See footnote 4 on page 1.

(5)	See footnote 5 on page 1.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 2

CITIGROUP CONSOLIDATED BALANCE SHEET

(In millions of dollars)


											2Q22 Increase/
	June 30,		September 30,		December 31,		March 31,		June 30,		(Decrease) from
	2021		2021		2021		2022		2022⁽¹⁾		1Q22	2Q21
Assets
Cash and due from banks (including segregated cash and other deposits)	$	27,117	$	28,906	$	27,515	$	27,768	$	24,902	(10%)	(8%)
Deposits with banks, net of allowance		272,121		294,902		234,518		244,319		259,128	6%	(5%)
Securities borrowed and purchased under agreements to resell, net of allowance		309,047		337,696		327,288		345,410		361,334	5%	17%
Brokerage receivables, net of allowance		61,138		59,487		54,340		89,218		80,486	(10%)	32%
Trading account assets		370,950		342,914		331,945		357,997		340,875	(5%)	(8%)
Investments
Available-for-sale debt securities, net of allowance		302,977		295,573		288,522		264,774		238,499	(10%)	(21%)
Held-to-maturity debt securities, net of allowance		176,742		198,056		216,963		242,547		267,592	10%	51%
Equity securities		7,344		7,220		7,337		7,281		7,787	7%	6%
Total investments		487,063		500,849		512,822		514,602		513,878	-	6%
Loans, net of unearned income
Consumer⁽²⁾		380,804		369,292		376,534		350,328		355,605	2%	(7%)
Corporate⁽³⁾		296,030		295,472		291,233		309,341		301,728	(2%)	2%
Loans, net of unearned income		676,834		664,764		667,767		659,669		657,333	-	(3%)
Allowance for credit losses on loans (ACLL)		(19,238)		(17,715)		(16,455)		(15,393)		(15,952)	(4%)	17%
Total loans, net		657,596		647,049		651,312		644,276		641,381	-	(2%)
Goodwill		22,060		21,573		21,299		19,865		19,597	(1%)	(11%)
Intangible assets (including MSRs)		4,687		4,553		4,495		4,522		4,526	-	(3%)
Other assets, net of allowance		116,089		123,947		125,879		146,128		134,797	(8%)	16%
Total assets	$	2,327,868	$	2,361,876	$	2,291,413	$	2,394,105	$	2,380,904	(1%)	2%

Liabilities
Non-interest-bearing deposits in U.S. offices	$	149,373	$	145,103	$	158,552	$	153,666	$	147,214	(4%)	(1%)
Interest-bearing deposits in U.S. offices		485,589		567,902		543,283		557,327		565,785	2%	17%
Total U.S. deposits		634,962		713,005		701,835		710,993		712,999	-	12%
Non-interest-bearing deposits in offices outside the U.S.		101,723		94,016		97,270		98,579		100,266	2%	(1%)
Interest-bearing deposits in offices outside the U.S.		573,596		540,507		518,125		524,139		508,583	(3%)	(11%)
Total international deposits		675,319		634,523		615,395		622,718		608,849	(2%)	(10%)

Total deposits		1,310,281		1,347,528		1,317,230		1,333,711		1,321,848	(1%)	1%
Securities loaned and sold under agreements to resell		221,817		209,184		191,285		204,494		198,472	(3%)	(11%)
Brokerage payables		59,416		60,501		61,430		91,324		96,474	6%	62%
Trading account liabilities		174,706		179,286		161,529		188,059		180,453	(4%)	3%
Short-term borrowings		31,462		29,683		27,973		30,144		40,054	33%	27%
Long-term debt		264,575		258,274		254,374		253,954		257,425	1%	(3%)
Other liabilities⁽⁴⁾		62,701		75,810		74,920		94,066		86,552	(8%)	38%
Total liabilities	$	2,124,958	$	2,160,266	$	2,088,741	$	2,195,752	$	2,181,278	(1%)	3%

Equity
Stockholders' equity
Preferred stock	$	17,995	$	17,995	$	18,995	$	18,995	$	18,995	-	6%
Common stock		31		31		31		31		31	-	-
Additional paid-in capital		107,820		107,922		108,003		108,050		108,210	-	-
Retained earnings		179,686		183,024		184,948		187,962		191,261	2%	6%
Treasury stock, at cost		(68,253)		(71,246)		(71,240)		(73,744)		(73,988)	-	(8%)
Accumulated other comprehensive income (loss) (AOCI)⁽⁵⁾		(35,120)		(36,851)		(38,765)		(43,585)		(45,495)	(4%)	(30%)
Total common equity	$	184,164	$	182,880	$	182,977	$	178,714	$	180,019	1%	(2%)

Total Citigroup stockholders' equity	$	202,159	$	200,875	$	201,972	$	197,709	$	199,014	1%	(2%)
Noncontrolling interests		751		735		700		644		612	(5%)	(19%)
Total equity		202,910		201,610		202,672		198,353		199,626	1%	(2%)
Total liabilities and equity	$	2,327,868	$	2,361,876	$	2,291,413	$	2,394,105	$	2,380,904	(1%)	2%

(1)	Preliminary.

(2)	Consumer loans include loans managed by PBWM and Legacy Franchises (other than Mexico Small Business & Middle-Market Banking (Mexico SBMM) loans).

(3)	Corporate loans include loans managed by ICG and Legacy Franchises-Mexico SBMM.

(4)	Includes allowance for credit losses for unfunded lending commitments. See page 15.

(5)

As discussed in footnote 2 on page 1, Citi's third quarter of 2021 results include an approximate $680 million loss on sale (an approximate $580 million after-tax), related to Citi’s agreement to sell its Australia consumer banking business. The loss primarily reflects the impact of an approximate $625 million ($475 million (after-tax)) currency translation adjustment (CTA) loss (net of hedges) at September 30, 2021, December 31, 2021 and March 31, 2022, already reflected in the Accumulated Other Comprehensive Income (AOCI) component of equity. The sale closed during the second quarter of 2022, and the CTA balance was removed from the AOCI component of equity as of the end of the second quarter of 2022, resulting in a neutral impact from CTA to Citi’s Common Equity Tier 1 Capital.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 3

OPERATING SEGMENT AND REPORTING UNIT DETAILS

(In millions of dollars)


											2Q22 Increase/		Six		Six		YTD 2022 vs.
	2Q		3Q		4Q		1Q		2Q		(Decrease) from		Months		Months		YTD 2021 Increase/
	2021		2021		2021		2022		2022		1Q22	2Q21	2021		2022		(Decrease)
Net revenues
Institutional Clients Group	$	9,549	$	9,991	$	8,908	$	11,160	$	11,419	2%	20%	$	20,937	$	22,579	8%
Personal Banking and Wealth Management		5,698		5,852		5,785		5,905		6,029	2%	6%		11,690		11,934	2%
Legacy Franchises		2,279		1,536		2,193		1,931		1,935	-	(15%)		4,522		3,866	(15%)
Corporate/Other		227		68		131		190		255	34%	12%		271		445	64%
Total net revenues	$	17,753	$	17,447	$	17,017	$	19,186	$	19,638	2%	11%	$	37,420	$	38,824	4%

Income from continuing operations
Institutional Clients Group	$	3,433	$	3,115	$	2,330	$	2,658	$	3,978	50%	16%	$	8,863	$	6,636	(25%)
Personal Banking and Wealth Management		1,805		1,896		1,613		1,860		553	(70%)	(69%)		4,225		2,413	(43%)
Legacy Franchises		492		(201)		(620)		(385)		(15)	96%	NM		812		(400)	NM
Corporate/Other		463		(141)		(144)		192		273	42%	(41%)		270		465	72%
Income from continuing operations	$	6,193	$	4,669	$	3,179	$	4,325	$	4,789	11%	(23%)	$	14,170	$	9,114	(36%)

Discontinued operations		10		(1)		-		(2)		(221)	NM	NM		8		(223)	NM

Net income attributable to noncontrolling interests		10		24		6		17		21	24%	NM		43		38	(12%)

Net income	$	6,193	$	4,644	$	3,173	$	4,306	$	4,547	6%	(27%)	$	14,135	$	8,853	(37%)

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 4

INSTITUTIONAL CLIENTS GROUP

(In millions of dollars, except as otherwise noted)

	2Q		3Q		4Q		1Q		2Q		2Q22 Increase/ (Decrease) from				Six Months		Six Months		YTD 2022 vs. YTD 2021 Increase/
	2021		2021		2021		2022		2022		1Q22		2Q21		2021		2022		(Decrease)
Commissions and fees	$	1,071	$	1,055	$	1,064	$	1,130	$	1,125	-		5%			2,181		2,255	3%
Administration and other fiduciary fees		698		676		662		672		732	9%		5%			1,355		1,404	4%
Investment banking		1,568		1,685		1,669		1,039		990	(5%)		(37%)			3,355		2,029	(40%)
Principal transactions		2,135		2,229		1,654		4,442		4,358	(2%)		NM			5,880		8,800	50%
Other		317		608		91		93		(306)	NM		NM			673		(213)	NM
Total non-interest revenue		5,789		6,253		5,140		7,376		6,899	(6%)		19%			13,444		14,275	6%
Net interest income (including dividends)		3,760		3,738		3,768		3,784		4,520	19%		20%			7,493		8,304	11%
Total revenues, net of interest expense		9,549		9,991		8,908		11,160		11,419	2%		20%			20,937		22,579	8%
Total operating expenses		5,829		5,963		6,225		6,723		6,434	(4%)		10%			11,761		13,157	12%
Net credit losses on loans		68		31		82		30		18	(40%)		(74%)			243		48	(80%)
Credit reserve build / (release) for loans		(812)		14		(192)		596		(76)	NM		91%			(1,915)		520	NM
Provision for credit losses on unfunded lending commitments		47		(13)		(181)		352		(169)	NM		NM			(559)		183	NM
Provisions for credit losses for HTM debt securities and other assets		3		(8)		10		(7)		25	NM		NM			(2)		18	NM
Provision for credit losses		(694)		24		(281)		971		(202)	NM		71%			(2,233)		769	NM
Income from continuing operations before taxes		4,414		4,004		2,964		3,466		5,187	50%		18%			11,409		8,653	(24%)
Income taxes		981		889		634		808		1,209	50%		23%			2,546		2,017	(21%)
Income from continuing operations		3,433		3,115		2,330		2,658		3,978	50%		16%			8,863		6,636	(25%)
Noncontrolling interests		12		24		10		18		17	(6%)		42%			49		35	(29%)
Net income	$	3,421	$	3,091	$	2,320	$	2,640	$	3,961	50%		16%		$	8,814	$	6,601	(25%)
EOP assets (in billions)	$	1,654	$	1,670	$	1,613	$	1,704	$	1,700	-		3%
Average assets (in billions)		1,667		1,660		1,698		1,685		1,698	1%		2%			1,658		1,692	2%
Efficiency ratio		61%		60%		70%		60%		56%	(400)	bps	(500)	bps		56%		58%	200 bps

Revenue by reporting unit
Services	$	3,140	$	3,141	$	3,258	$	3,448	$	4,023	17%		28%		$	6,140	$	7,471	22%
Markets		4,255		4,387		3,343		5,826		5,320	(9%)		25%			10,188		11,146	9%
Banking		2,154		2,463		2,307		1,886		2,076	10%		(4%)			4,609		3,962	(14%)
Total revenues, net of interest expense	$	9,549	$	9,991	$	8,908	$	11,160	$	11,419	2%		20%		$	20,937	$	22,579	8%

Revenue by region
North America	$	3,279	$	3,727	$	3,278	$	3,722	$	4,410	18%		34%		$	7,754	$	8,132	5%
EMEA		3,127		2,981		2,705		4,030		3,566	(12%)		14%			6,729		7,596	13%
Latin America		1,035		1,129		1,113		1,141		1,266	11%		22%			2,035		2,407	18%
Asia		2,108		2,154		1,812		2,267		2,177	(4%)		3%			4,419		4,444	1%
Total revenues, net of interest expense	$	9,549	$	9,991	$	8,908	$	11,160	$	11,419	2%		20%		$	20,937	$	22,579	8%

Income (loss) from continuing operations by region
North America	$	1,074	$	718	$	768	$	589	$	1,501	NM		40%		$	3,603	$	2,090	(42%)
EMEA		1,101		990		672		928		1,172	26%		6%			2,541		2,100	(17%)
Latin America		507		580		473		359		544	52%		7%			1,007		903	(10%)
Asia		751		827		417		782		761	(3%)		1%			1,712		1,543	(10%)
Income from continuing operations	$	3,433	$	3,115	$	2,330	$	2,658	$	3,978	50%		16%		$	8,863	$	6,636	(25%)

Average loans by reporting unit (in billions)
Services	$	74	$	76	$	77	$	81	$	85	5%		15%		$	72	$	82	14%
Banking		197		196		195		194		199	3%		1%			197		197	-
Markets		16		17		17		14		13	(7%)		(19%)			15		14	(7%)
Total	$	287	$	289	$	289	$	289	$	297	3%		3%		$	284	$	293	3%

Average deposits by reporting unit (in billions)
Treasury and trade solutions (TTS)	$	652	$	668	$	684	$	664	$	665	-		2%		$	652	$	664	2%
Securities services		137		135		140		135		137	1%		-			133		136	2%
Services		789		803		824		799		802	-		2%			785		800	2%
Markets		29		28		28		27		28	4%		(3%)			29		28	(3%)
Total	$	818	$	831	$	852	$	826	$	830	-		1%		$	814	$	828	2%

Services Key Drivers (in billions of dollars, except as otherwise noted)
AUC/AUA (in trillions of dollars)	$	22.7	$	22.6	$	23.7	$	23.0	$	21.2	(8%)		(7%)
Cross border transaction value	$	67.8	$	69.0	$	78.2	$	75.6	$	79.3	5%		17%		$	132.3	$	154.9	17%
U.S.-dollar clearing volume (in millions)		36.0		37.0		37.8		36.1		36.7	2%		2%			71.4		72.8	2%
Commercial card spend volume	$	9.3	$	10.5	$	11.4	$	11.4	$	15.0	32%		61%		$	16.7	$	26.4	58%

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 5

INSTITUTIONAL CLIENTS GROUP

REPORTING UNIT REVENUES

(In millions of dollars, except as otherwise noted)

											2Q22 Increase/		Six		Six		YTD 2022 vs.
	2Q		3Q		4Q		1Q		2Q		(Decrease) from		Months		Months		YTD 2021 Increase/
	2021		2021		2021		2022		2022		1Q22	2Q21	2021		2022		(Decrease)
Services
Net interest income	$	1,640	$	1,613	$	1,682	$	1,907	$	2,327	22%	42%	$	3,257	$	4,234	30%
Non-interest revenue		1,500		1,528		1,576		1,541		1,696	10%	13%		2,883		3,237	12%
Total Services revenues	$	3,140	$	3,141	$	3,258	$	3,448	$	4,023	17%	28%	$	6,140	$	7,471	22%

Net interest income	$	1,427	$	1,389	$	1,444	$	1,659	$	2,026	22%	42%	$	2,832	$	3,685	30%
Non-interest revenue		858		908		960		931		1,003	8%	17%		1,641		1,934	18%
Treasury and trade solutions	$	2,285	$	2,297	$	2,404	$	2,590	$	3,029	17%	33%	$	4,473	$	5,619	26%

Net interest income	$	213	$	224	$	238	$	248	$	301	21%	41%	$	425	$	549	29%
Non-interest revenue		642		620		616		610		693	14%	8%		1,242		1,303	5%
Securities services	$	855	$	844	$	854	$	858	$	994	16%	16%	$	1,667	$	1,852	11%

Markets
Net interest income	$	1,379	$	1,265	$	1,250	$	1,109	$	1,383	25%	-	$	2,688	$	2,492	(7%)
Non-interest revenue		2,876		3,122		2,093		4,717		3,937	(17%)	37%		7,500		8,654	15%
Total Markets revenues	$	4,255	$	4,387	$	3,343	$	5,826	$	5,320	(9%)	25%	$	10,188	$	11,146	9%

Fixed income markets	$	3,111	$	3,040	$	2,425	$	4,299	$	4,084	(5%)	31%	$	7,457	$	8,383	12%
Equity markets		1,144		1,347		918		1,527		1,236	(19%)	8%		2,731		2,763	1%
Total	$	4,255	$	4,387	$	3,343	$	5,826	$	5,320	(9%)	25%	$	10,188	$	11,146	9%
Rates and currencies	$	1,978	$	2,112	$	1,721	$	3,231	$	3,277	1%	66%	$	5,002	$	6,508	30%
Spread products / other fixed income		1,133		928		704		1,068		807	(24%)	(29%)		2,455		1,875	(24%)
Total fixed income markets revenues	$	3,111	$	3,040	$	2,425	$	4,299	$	4,084	(5%)	31%	$	7,457	$	8,383	12%

Banking
Net interest income	$	741	$	860	$	836	$	768	$	810	5%	9%	$	1,548	$	1,578	2%
Non-interest revenue		1,413		1,603		1,471		1,118		1,266	13%	(10%)		3,061		2,384	(22%)
Total Banking revenues, including gain/(loss) on loan hedges	$	2,154	$	2,463	$	2,307	$	1,886	$	2,076	10%	(4%)	$	4,609	$	3,962	(14%)
Investment banking
Advisory	$	405	$	539	$	571	$	347	$	357	3%	(12%)	$	686	$	704	3%
Equity underwriting		484		468		462		185		177	(4%)	(63%)		1,319		362	(73%)
Debt underwriting		614		770		520		496		271	(45%)	(56%)		1,296		767	(41%)
Total investment banking		1,503		1,777		1,553		1,028		805	(22%)	(46%)		3,301		1,833	(44%)
Corporate lending - excluding gain/(loss) on loan hedges⁽¹⁾		688		732		733		689		777	13%	13%		1,423		1,466	3%
Total Banking revenues (ex-gain/(loss) on loan hedges)⁽¹⁾	$	2,191	$	2,509	$	2,286	$	1,717	$	1,582	(8%)	(28%)	$	4,724	$	3,299	(30%)
Gain/(loss) on loan hedges⁽¹⁾		(37)		(46)		21		169		494	NM	NM		(115)		663	NM
Total Banking revenues including gain/(loss) on loan hedges⁽¹⁾	$	2,154	$	2,463	$	2,307	$	1,886	$	2,076	10%	(4%)	$	4,609	$	3,962	(14%)

Total ICG revenues, net of interest expense	$	9,549	$	9,991	$	8,908	$	11,160	$	11,419	2%	20%	$	20,937	$	22,579	8%
Taxable-equivalent adjustments⁽²⁾		181		105		159		100		116	16%	(36%)		295		216	(27%)
Total ICG revenues - including taxable-equivalent adjustments⁽²⁾	$	9,730	$	10,096	$	9,067	$	11,260	$	11,535	2%	19%	$	21,232	$	22,795	7%

(1)

Credit derivatives are used to economically hedge a portion of the corporate loan portfolio that includes both accrual loans and loans at fair value. Gain/(loss) on loan hedges includes the mark-to-market on the credit derivatives partially offset by the mark-to-market on the loans in the portfolio that are at fair value. Hedges on accrual loans reflect the mark-to-market on credit derivatives used to economically hedge the corporate loan accrual portfolio. The fixed premium costs of these hedges are netted against the corporate lending revenues to reflect the cost of credit protection. Citigroup’s results of operations excluding the impact of gain/(loss) on loan hedges are non-GAAP financial measures.

(2)	Primarily relates to income tax credits related to affordable housing and alternative energy investments as well as tax exempt income from municipal bond investments.

NM Not meaningful.

Reclassified to conform to the current period’s presentation.

Page 6

PERSONAL BANKING AND WEALTH MANAGEMENT

(In millions of dollars, except as otherwise noted)


											2Q22 Increase/				Six		Six		YTD 2022 vs.
	2Q		3Q		4Q		1Q		2Q		(Decrease) from				Months		Months		YTD 2021 Increase/
	2021		2021		2021		2022		2022		1Q22		2Q21		2021		2022		(Decrease)

Net interest income	$	4,985	$	5,174	$	5,322	$	5,385	$	5,569	3%		12%		$	10,150	$	10,954	8%
Non-interest revenue		713		678		463		520		460	(12%)		(35%)			1,540		980	(36%)
Total revenues, net of interest expense		5,698		5,852		5,785		5,905		6,029	2%		6%			11,690		11,934	2%
Total operating expenses		3,547		3,624		4,017		3,889		3,985	2%		12%			6,969		7,874	13%
Net credit losses on loans		862		641		568		691		699	1%		(19%)			1,852		1,390	(25%)
Credit reserve build / (release) for loans		(1,040)		(836)		(866)		(1,062)		638	NM		NM			(2,582)		(424)	84%
Provision for credit losses on unfunded lending commitments		5		(7)		(3)		(2)		13	NM		NM			(6)		11	NM
Provisions for benefits and claims, and other assets		3		1		5		(3)		5	NM		67%			9		2	(78%)
Provisions for credit losses and for benefits and claims (PBC)		(170)		(201)		(296)		(376)		1,355	NM		NM			(727)		979	NM
Income (loss) from continuing operations before taxes		2,321		2,429		2,064		2,392		689	(71%)		(70%)			5,448		3,081	(43%)
Income taxes (benefits)		516		533		451		532		136	(74%)		(74%)			1,223		668	(45%)
Income (loss) from continuing operations		1,805		1,896		1,613		1,860		553	(70%)		(69%)			4,225		2,413	(43%)
Noncontrolling interests		-		-		-		-		-	-		-			-		-	-
Net income (loss)	$	1,805	$	1,896	$	1,613	$	1,860	$	553	(70%)		(69%)		$	4,225	$	2,413	(43%)
EOP assets (in billions)	$	452	$	477	$	464	$	476	$	479	1%		6%
Average assets (in billions)		458		474		476		474		474	-		3%			458		474	3%
Efficiency ratio		62%		62%		69%		66%		66%	-	bps	400	bps		60%		66%	600	bps

Revenue by reporting unit and component
Branded cards	$	1,968	$	2,045	$	2,073	$	2,090	$	2,168	4%		10%		$	4,072	$	4,258	5%
Retail services		1,210		1,277		1,290		1,299		1,300	-		7%			2,515		2,599	3%
Retail banking		618		629		624		595		656	10%		6%			1,253		1,251	-
U.S. Personal Banking		3,796		3,951		3,987		3,984		4,124	4%		9%			7,840		8,108	3%
Private bank		747		722		688		779		745	(4%)		-			1,533		1,524	(1%)
Wealth at Work		171		172		177		183		170	(7%)		(1%)			342		353	3%
Citigold		984		1,007		933		959		990	3%		1%			1,975		1,949	(1%)
Global Wealth Management		1,902		1,901		1,798		1,921		1,905	(1%)		-			3,850		3,826	(1%)
Total	$	5,698	$	5,852	$	5,785	$	5,905	$	6,029	2%		6%		$	11,690	$	11,934	2%

Average loans by reporting unit (in billions)
U.S. Personal Banking	$	157	$	158	$	162	$	161	$	167	4%		6%		$	158	$	164	4%
Global Wealth Management		147		151		150		151		150	(1%)		2%			146		151	3%
Total	$	304	$	309	$	312	$	312	$	317	2%		4%		$	304	$	315	4%

Average deposits by reporting unit (in billions)
U.S. Personal Banking	$	113	$	114	$	114	$	118	$	116	(2%)		3%		$	111	$	117	5%
Global Wealth Management		297		310		323		329		319	(3%)		7%			293		324	11%
Total	$	410	$	424	$	437	$	447	$	435	(3%)		6%		$	404	$	441	9%

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 7

PERSONAL BANKING AND WEALTH MANAGEMENT

Metrics


											2Q22 Increase/
	2Q		3Q		4Q		1Q		2Q		(Decrease) from
	2021		2021		2021		2022		2022		1Q22	2Q21

U.S. Personal Banking Key Indicators (in billions of dollars, except as otherwise noted)

New account acquisitions (in thousands)
Branded cards		907		995		1,069		991		1,069	8%	18%
Retail services		2,792		2,526		3,126		2,178		2,634	21%	(6%)
Credit card spend volume
Branded cards	$	103.5	$	106.0	$	115.2	$	106.8	$	121.8	14%	18%
Retail services		23.6		22.7		27.1		21.4		26.1	22%	11%
Average loans⁽¹⁾
Branded cards	$	79.4	$	81.9	$	84.5	$	84.0	$	87.9	5%	11%
Retail services		42.3		42.4		43.8		44.2		44.8	1%	6%
EOP loans⁽¹⁾
Branded cards	$	82.1	$	82.8	$	87.9	$	85.9	$	91.6	7%	12%
Retail services		42.7		42.7		46.0		44.1		45.8	4%	7%
NII as a % of average loans⁽²⁾
Branded cards		8.90%		9.00%		8.93%		9.16%		8.86%
Retail services		15.70%		16.54%		16.55%		16.93%		17.32%
NCLs as a % of average loans
Branded cards		2.36%		1.73%		1.33%		1.46%		1.50%
Retail services		3.09%		2.23%		2.10%		2.31%		2.60%
Loans 90+ days past due as a % of EOP loans
Branded cards		0.56%		0.44%		0.44%		0.47%		0.46%
Retail services		1.08%		0.99%		1.05%		1.15%		1.16%
Loans 30-89 days past due as a % of EOP loans
Branded cards		0.43%		0.45%		0.46%		0.49%		0.47%
Retail services		0.97%		1.10%		1.17%		1.27%		1.27%

Average deposits	$	113	$	114	$	114	$	118	$	116	(2%)	3%
Branches (actual)		659		658		658		658		658	-	-
Mortgage originations	$	4.1	$	3.4	$	3.4	$	3.1	$	4.1	32%	-

Global Wealth Management Key Indicators (in billions of dollars)
Client assets	$	790	$	789	$	814	$	788	$	730	(7%)	(8%)
Average loans		147		151		150		151		150	(1%)	2%
Average deposits		297		310		323		329		319	(3%)	7%
U.S. mortgage originations		5.0		3.8		3.5		3.7		5.3	43%	6%

(1)	Average loans, EOP loans and the related consumer delinquency amounts and ratios include interest and fees receivables balances.

(2)	Net interest income includes certain fees that are recorded as interest revenue.

Reclassified to conform to the current period’s presentation.

Page 8

LEGACY FRANCHISES⁽¹⁾
(In millions of dollars, except as otherwise noted)


											2Q22 Increase/		Six		Six		YTD 2022 vs.
	2Q		3Q		4Q		1Q		2Q		(Decrease) from		Months		Months		YTD 2021 Increase/
	2021		2021		2021		2022		2022		1Q22	2Q21	2021		2022		(Decrease)

Net interest income	$	1,621	$	1,532	$	1,534	$	1,508	$	1,474	(2%)	(9%)	$	3,184	$	2,982	(6%)
Non-interest revenue⁽²⁾		658		4		659		423		461	9%	(30%)		1,338		884	(34%)
Total revenues, net of interest expense		2,279		1,536		2,193		1,931		1,935	-	(15%)		4,522		3,866	(15%)
Total operating expenses⁽³⁾		1,788		1,748		2,971		2,293		1,814	(21%)	1%		3,540		4,107	16%
Net credit losses on loans		390		289		216		151		133	(12%)	(66%)		973		284	(71%)
Credit reserve build / (release) for loans		(594)		(327)		(118)		(146)		(28)	81%	95%		(1,176)		(174)	85%
Provision for credit losses on unfunded lending commitments		(8)		7		(9)		124		(3)	NM	63%		(17)		121	NM
Provisions for benefits and claims, HTM debt securities and other assets		8		17		23		31		19	(39%)	NM		60		50	(17%)
Provisions for credit losses and for benefits and claims (PBC)		(204)		(14)		112		160		121	(24%)	NM		(160)		281	NM
Income from continuing operations before taxes		695		(198)		(890)		(522)		-	100%	(100%)		1,142		(522)	NM
Income taxes (benefits)		203		3		(270)		(137)		15	NM	(93%)		330		(122)	NM
Income (loss) from continuing operations		492		(201)		(620)		(385)		(15)	96%	NM		812		(400)	NM
Noncontrolling interests		(2)		(1)		(4)		(2)		2	NM	NM		(5)		-	100%
Net income (loss)	$	494	$	(200)	$	(616)	$	(383)	$	(17)	96%	NM	$	817	$	(400)	NM
EOP assets (in billions)	$	131	$	124	$	125	$	122	$	108	(11%)	(18%)
Average assets (in billions)		128		126		123		124		115	(7%)	(10%)		129		120	(7%)
Efficiency ratio		78%		114%		135%		119%		94%				78%		106%

Revenue by reporting unit and component
Asia Consumer	$	1,052	$	330	$	948	$	787	$	880	12%	(16%)	$	2,127	$	1,667	(22%)
Mexico Consumer/SBMM		1,184		1,162		1,168		1,139		1,184	4%	-		2,321		2,323	-
Legacy Holdings Assets		43		44		77		5		(129)	NM	NM		74		(124)	NM
Total	$	2,279	$	1,536	$	2,193	$	1,931	$	1,935	-	(15%)	$	4,522	$	3,866	(15%)

Asia Consumer - Key Indicators (in billions of dollars)
EOP loans	$	53.5	$	42.9	$	41.1	$	19.5	$	17.3	(11%)	(68%)
EOP deposits		54.0		46.6		43.3		17.5		17.2	(2%)	(68%)
Average loans		54.2		46.4		42.3		23.1		18.2	(21%)	(66%)	$	54.6	$	20.7	(62%)
Net credit losses on loans as a % of average loans		1.13%		1.10%		0.96%		0.79%		0.77%				1.40%		0.78%
Loans 90+ days past due as a % of EOP loans		0.65%		0.60%		0.51%		0.28%		0.29%
Loans 30-89 days past due as a % of EOP loans		0.87%		0.80%		0.69%		0.32%		0.40%

Mexico Consumer/SBMM - Key Indicators (in billions of dollars)
EOP loans	$	20.0	$	19.4	$	20.0	$	20.7	$	20.6	-	3%
EOP deposits		33.0		31.4		32.7		33.9		35.5	5%	8%
Average loans		20.2		19.6		19.4		19.6		20.5	5%	1%	$	20.4	$	20.1	(1%)
Net credit losses on loans as a % of average loans		5.14%		3.70%		2.72%		2.55%		2.15%				6.27%		2.34%
Loans 90+ days past due as a % of EOP loans (Mexico Consumer only)		1.84%		1.52%		1.38%		1.32%		1.29%
Loans 30-89 days past due as a % of EOP loans (Mexico Consumer only)		1.60%		1.46%		1.30%		1.30%		1.18%

Legacy Holdings Assets - Key Indicators (in billions of dollars)
EOP loans	$	5.0	$	4.2	$	3.9	$	3.7	$	3.2	(14%)	(36%)

(1)

Legacy Franchises consists of the consumer franchises in 13 markets across Asia and EMEA that Citi intends to exit (Asia Consumer), the consumer, small business & middle-market banking (Mexico SBMM) operations in Mexico (collectively Mexico Consumer/SBMM); and Legacy Holdings Assets (primarily North America consumer mortgage loans and other legacy assets).

(2)	See footnote 2 on page 1.

(3)	See footnote 3 on page 1.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 9

CORPORATE / OTHER⁽¹⁾

(In millions of dollars, except as otherwise noted)

											2Q22 Increase/		Six		Six		YTD 2022 vs.
	2Q		3Q		4Q		1Q		2Q		(Decrease) from		Months		Months		YTD 2021 Increase/
	2021		2021		2021		2022		2022		1Q22	2Q21	2021		2022		(Decrease)

Net interest income	$	112	$	247	$	195	$	194	$	401	NM	NM	$	157	$	595	NM
Non-interest revenue		115		(179)		(64)		(4)		(146)	NM	NM		114		(150)	NM
Total revenues, net of interest expense		227		68		131		190		255	34%	12%		271		445	64%
Total operating expenses		307		442		319		260		160	(38%)	(48%)		614		420	(32%)
Provisions for HTM debt securities and other assets		2		(1)		—		—		—	—	(100%)		(1)		—	100%
Income (loss) from continuing operations before taxes		(82)		(373)		(188)		(70)		95	NM	NM		(342)		25	NM
Income taxes (benefits)		(545)		(232)		(44)		(262)		(178)	32%	67%		(612)		(440)	28%
Income (loss) from continuing operations		463		(141)		(144)		192		273	42%	(41%)		270		465	72%
Income (loss) from discontinued operations, net of taxes⁽²⁾		10		(1)		—		(2)		(221)	NM	NM		8		(223)	NM
Noncontrolling interests		—		1		—		1		2	100%	NM		(1)		3	NM
Net income (loss)	$	473	$	(143)	$	(144)	$	189	$	50	(74%)	(89%)	$	279	$	239	(14%)
EOP assets (in billions)	$	91	$	91	$	89	$	92	$	94	2%	3%

(1)	Includes certain unallocated costs of global staff functions (including finance, risk, human resources, legal and compliance), other corporate expenses and unallocated global operations and technology expenses and income taxes, as well as Corporate Treasury and discontinued operations.

(2)	See footnote 5 on page 1.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 10

AVERAGE BALANCES AND INTEREST RATES ^{(1)(2)(3)(4)(5)}

Taxable Equivalent Basis

	Average Volumes						Interest						% Average Rate ⁽⁴⁾
	Second		First		Second		Second		First		Second		Second		First		Second
	Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter		Quarter
In millions of dollars, except as otherwise noted	2021		2022		2022⁽⁵⁾		2021		2022		2022⁽⁵⁾		2021		2022		2022⁽⁵⁾
Assets
Deposits with banks	$	296,445	$	260,536	$	227,377	$	126	$	296	$	658	0.17	%	0.46	%	1.16	%
Securities borrowed and purchased under resale agreements⁽⁶⁾		319,821		343,636		349,520		205		394		805	0.26	%	0.46	%	0.92	%
Trading account assets⁽⁷⁾		302,141		270,460		275,937		1,472		1,148		1,662	1.95	%	1.72	%	2.42	%
Investments		484,238		518,820		519,582		1,844		2,067		2,387	1.53	%	1.62	%	1.84	%

Consumer loans		377,131		352,230		352,531		6,521		6,262		6,601	6.94	%	7.21	%	7.51	%
Corporate loans		293,149		296,346		304,956		2,235		2,477		2,917	3.06	%	3.39	%	3.84	%
Total loans (net of unearned income)⁽⁸⁾		670,280		648,576		657,487		8,756		8,739		9,518	5.24	%	5.46	%	5.81	%
Other interest-earning assets		69,691		119,815		121,629		111		549		644	0.64	%	1.86	%	2.12	%
Total average interest-earning assets	$	2,142,616	$	2,161,843	$	2,151,532	$	12,514	$	13,193	$	15,674	2.34	%	2.47	%	2.92	%

Liabilities
Deposits⁽⁹⁾		1,075,130		1,080,105		1,068,002		677		871		1,420	0.25	%	0.33	%	0.53	%
Securities loaned and sold under repurchase agreements⁽⁶⁾		236,639		210,101		208,399		260		282		655	0.44	%	0.54	%	1.26	%
Trading account liabilities⁽⁷⁾		122,138		114,313		124,810		150		147		137	0.49	%	0.52	%	0.44	%
Short-term borrowings and other interest-bearing liabilities		93,682		138,861		154,239		31		55		268	0.13	%	0.16	%	0.70	%
Long-term debt⁽¹⁰⁾		195,364		170,927		168,724		867		925		1,186	1.78	%	2.19	%	2.82	%
Total average interest-bearing liabilities	$	1,722,953	$	1,714,307	$	1,724,174	$	1,985	$	2,280	$	3,666	0.46	%	0.54	%	0.85	%

Net interest income as a % of average interest-earning assets (NIM)⁽⁹⁾							$	10,529	$	10,913	$	12,008	1.97	%	2.05	%	2.24	%

2Q22 increase (decrease) from:													27	bps	19	bps

(1)Interest revenue and Net interest income include the taxable equivalent adjustments (based on the U.S. federal statutory tax rate of 21%) of $51 million for 2Q21, $42 million for 1Q22 and $44 million for 2Q22.

(2)Citigroup average balances and interest rates include both domestic and international operations.

(3)Monthly averages have been used by certain subsidiaries where daily averages are unavailable.

(4)Average rate percentage is calculated as annualized interest over average volumes.

(5)Second quarter of 2022 is preliminary.

(6)	Average volumes of securities borrowed or purchased under agreements to resell and securities loaned or sold under agreements to repurchase are reported net pursuant to FIN 41; the related interest excludes the impact of ASU 2013-01 (Topic 210).

(7)Interest expense on trading account liabilities of ICG is reported as a reduction of interest revenue. Interest revenue and interest expense on cash collateral positions are reported in trading account assets and trading account liabilities, respectively.

(8)Nonperforming loans are included in the average loan balances.

(9)See footnote 1 on page 1.

(10)Excludes hybrid financial instruments with changes in fair value recorded in Principal transactions revenue.

Reclassified to conform to the current period's presentation.

Page 11

EOP LOANS⁽¹⁾⁽²⁾

(In billions of dollars)


											2Q22 Increase/
	2Q		3Q		4Q		1Q		2Q		(Decrease) from
	2021		2021		2021		2022		2022		1Q22	2Q21

Corporate loans - by region
North America	$	127.6	$	127.7	$	126.7	$	129.2	$	129.9	1%	2%
EMEA		77.6		77.4		75.7		81.2		76.8	(5%)	(1%)
Latin America		32.6		31.6		32.2		35.9		36.2	1%	11%
Asia		58.2		58.8		56.6		63.0		58.8	(7%)	1%
Total corporate loans	$	296.0	$	295.5	$	291.2	$	309.3	$	301.7	(2%)	2%

Corporate loans - by reporting unit
Services	$	77.5	$	79.8	$	75.2	$	86.7	$	86.1	(1%)	11%
Markets		17.3		17.5		15.1		14.6		12.6	(14%)	(27%)
Banking		194.7		191.8		194.2		200.9		195.9	(2%)	1%
Legacy Franchises - Mexico SBMM		6.5		6.4		6.7		7.1		7.1	-	9%
Total corporate loans	$	296.0	$	295.5	$	291.2	$	309.3	$	301.7	(2%)	2%

Personal Banking and Wealth Management
Branded cards	$	82.1	$	82.8	$	87.9	$	85.9	$	91.6	7%	12%
Retail services		42.7		42.7		46.0		44.1		45.8	4%	7%
Retail banking		34.3		33.4		33.0		33.3		35.4	6%	3%
U.S. Personal Banking	$	159.1	$	158.9	$	166.9	$	163.3	$	172.8	6%	9%
Global Wealth Management		149.7		150.3		151.3		150.2		148.8	(1%)	(1%)
Total	$	308.8	$	309.2	$	318.2	$	313.5	$	321.6	3%	4%

Legacy Franchises - Consumer
Asia Consumer⁽³⁾	$	53.5	$	42.9	$	41.1	$	19.5	$	17.3	(11%)	(68%)
Mexico Consumer		13.5		13.0		13.3		13.6		13.5	(1%)	-
Legacy Holdings Assets		5.0		4.2		3.9		3.7		3.2	(14%)	(36%)
Total	$	72.0	$	60.1	$	58.3	$	36.8	$	34.0	(8%)	(53%)

Total consumer loans	$	380.8	$	369.3	$	376.5	$	350.3	$	355.6	2%	(7%)

Total loans	$	676.8	$	664.8	$	667.8	$	659.7	$	657.3	-	(3%)

(1)	Corporate loans include loans managed by ICG and Legacy Franchises-Mexico SBMM.

(2)	Consumer loans include loans managed by PBWM and Legacy Franchises (other than Mexico Small Business & Middle-Market Banking (Mexico SBMM) loans).

(3)	Asia Consumer includes loans of certain EMEA countries for all periods presented.

Reclassified to conform to the current period's presentation.

Page 12

DEPOSITS

(In billions of dollars)


											2Q22 Increase/
	2Q		3Q		4Q		1Q		2Q		(Decrease) from
	2021		2021		2021		2022		2022		1Q22	2Q21
ICG by region
North America	$	379.1	$	408.0	$	382.8	$	390.5	$	404.3	4%	7%
EMEA		204.3		200.3		193.1		208.6		210.7	1%	3%
Latin America		36.7		38.8		37.7		38.9		37.7	(3%)	3%
Asia		178.4		185.5		175.8		187.5		176.0	(6%)	(1%)
Total	$	798.5	$	832.6	$	789.4	$	825.5	$	828.7	-	4%

ICG by reporting unit
Treasury and trade solutions	$	634.9	$	667.8	$	627.9	$	657.5	$	663.5	1%	5%
Securities services		135.2		136.7		133.8		138.7		136.3	(2%)	1%
Services	$	770.1	$	804.5	$	761.7	$	796.2	$	799.8	-	4%
Markets		26.5		26.7		26.4		27.8		27.7	-	5%
Banking		1.9		1.4		1.3		1.5		1.2	(20%)	(37%)
Total	$	798.5	$	832.6	$	789.4	$	825.5	$	828.7	-	4%

Personal Banking and Wealth Management
U.S. Personal Banking	$	113.1	$	113.5	$	116.8	$	119.5	$	115.7	(3%)	2%
Global Wealth Management		303.9		316.5		329.2		332.1		311.9	(6%)	3%
Total	$	417.0	$	430.0	$	446.0	$	451.6	$	427.6	(5%)	3%

Legacy Franchises
Asia Consumer⁽¹⁾	$	54.0	$	46.6	$	43.3	$	17.5	$	17.2	(2%)	(68%)
Mexico Consumer/SBMM		33.0		31.4		32.7		33.9		35.5	5%	8%
Legacy Holdings Assets		-		-		-		-		-	-	-
Total	$	87.0	$	78.0	$	76.0	$	51.4	$	52.7	3%	(39%)

Corporate/Other		7.8		6.9		5.8		5.2		12.8	NM	64%

Total deposits - EOP	$	1,310.3	$	1,347.5	$	1,317.2	$	1,333.7	$	1,321.8	(1%)	1%

Total deposits - average	$	1,321.3	$	1,343.0	$	1,370.3	$	1,334.3	$	1,322.5	(1%)	-

(1)	Asia Consumer includes deposits of certain EMEA countries for all periods presented.

Reclassified to conform to the current period’s presentation.

Page 13

ALLOWANCE FOR CREDIT LOSSES (ACL) ROLLFORWARD

(In millions of dollars, except for ratios)

																											ACLL/EOP
	Balance		Builds / (releases)										FY 2021		Balance		Builds / (releases)						YTD 2022		Balance		Loans
	12/31/20		1Q21		2Q21		3Q21		4Q21		FY 2021		FX/Other		12/31/21		1Q22		2Q22		YTD 2022		FX/Other		6/30/22		6/30/22
Allowance for credit losses on loans (ACLL)
ICG	$	4,356	$	(1,103)	$	(812)	$	14	$	(192)	$	(2,093)	$	(22)	$	2,241	$	596	$	(76)	$	520	$	30	$	2,791
Legacy Franchises corporate (Mexico SBMM)		420		(124)		(51)		(61)		(1)		(237)		(9)		174		5		(3)		2		2		178
Total corporate ACLL	$	4,776	$	(1,227)	$	(863)	$	(47)	$	(193)	$	(2,330)	$	(31)	$	2,415	$	601	$	(79)	$	522	$	32	$	2,969	1.00%
U.S. Cards	$	14,665	$	(1,301)	$	(840)	$	(763)	$	(921)	$	(3,825)	$	-	$	10,840	$	(1,009)	$	447	$	(562)	$	-	$	10,278	7.48%
Retail banking and Global Wealth Management		1,643		(241)		(200)		(73)		55		(459)		(3)		1,181		(53)		191		138		(6)		1,313
Total PBWM	$	16,308		$(1,542)	$	(1,040)	$	(836)	$	(866)	$	(4,284)	$	(3)	$	12,021	$	(1,062)	$	638	$	(424)	$	(6)	$	11,591
Legacy Franchises consumer		3,872		(458)		(543)		(266)		(117)		(1,384)		(469)		2,019		(151)		(25)		(176)		(451)		1,392
Total consumer ACLL	$	20,180	$	(2,000)	$	(1,583)	$	(1,102)	$	(983)	$	(5,668)	$	(472)	$	14,040	$	(1,213)	$	613	$	(600)	$	(457)	$	12,983	3.65%
Total ACLL	$	24,956	$	(3,227)	$	(2,446)	$	(1,149)	$	(1,176)	$	(7,998)	$	(503)	$	16,455	$	(612)	$	534	$	(78)	$	(425)	$	15,952	2.44%
Allowance for credit losses on unfunded lending commitments (ACLUC)		2,655		(626)		44		(13)		(193)		(788)		4		1,871		474		(159)		315		7		2,193
Total ACLL and ACLUC (EOP)		27,611														18,326										18,145
Other⁽¹⁾		146		1		1		(13)		11		-		2		148		(6)		27		21		10		179
Total allowance for credit losses (ACL)	$	27,757	$	(3,852)	$	(2,401)	$	(1,175)	$	(1,358)	$	(8,786)	$	(497)	$	18,474	$	(144)	$	402	$	258	$	(408)	$	18,324

(1)	Includes ACL on HTM securities and Other assets.

Reclassified to conform to the current period’s presentation.

Page 14

ALLOWANCE FOR CREDIT LOSSES ON LOANS AND UNFUNDED LENDING COMMITMENTS

Page 1

(In millions of dollars)

																2Q22 Increase/		Six		Six		YTD 2022 vs.
	2Q			3Q			4Q			1Q			2Q			(Decrease) from		Months		Months		YTD 2021 Increase/
	2021			2021			2021			2022			2022			1Q22	2Q21	2021		2022		(Decrease)
Total Citigroup
Allowance for credit losses on loans (ACLL) at beginning of period	$	21,638		$	19,238		$	17,715		$	16,455		$	15,393		(6%)	(29%)	$	24,956	$	16,455
Gross credit (losses) on loans		(1,844)			(1,389)			(1,279)			(1,240)			(1,212)		2%	34%		(4,052)		(2,452)	39%
Gross recoveries on loans		524			428			413			368			362		(2%)	(31%)		984		730	(26%)
Net credit (losses) / recoveries on loans (NCLs)		(1,320)			(961)			(866)			(872)			(850)		(3%)	(36%)		(3,068)		(1,722)	(44%)
Replenishment of NCLs		1,320			961			866			872			850		(3%)	(36%)		3,068		1,722	(44%)
Net reserve builds / (releases) for loans		(2,446)			(1,149)			(1,176)			(612)			534		NM	NM		(5,673)		(78)	99%
Provision for credit losses on loans (PCLL)		(1,126)			(188)			(310)			260			1,384		NM	NM		(2,605)		1,644	NM
Other, net^{(1)(2)(3)(4)(5)(6)}		46			(374)			(84)			(450)			25		NM	(46%)		(45)		(425)
ACLL at end of period (a)	$	19,238		$	17,715		$	16,455		$	15,393		$	15,952		4%	(17%)	$	19,238	$	15,952

Allowance for credit losses on unfunded lending commitments (ACLUC)⁽⁷⁾ (a)	$	2,073		$	2,063		$	1,871		$	2,343		$	2,193		(6%)	6%	$	2,073	$	2,193

Provision (release) for credit losses on unfunded lending commitments	$	44		$	(13)		$	(193)		$	474		$	(159)		NM	NM	$	(582)	$	315

Total allowance for credit losses on loans, leases and unfunded lending commitments [sum of (a)]	$	21,311		$	19,778		$	18,326		$	17,736		$	18,145		2%	(15%)	$	21,311	$	18,145

Total ACLL as a percentage of total loans⁽⁸⁾		2.88%			2.69%			2.49%			2.35%			2.44%

Consumer
ACLL at beginning of period	$	18,096		$	16,566		$	15,105		$	14,040		$	12,368		(12%)	(32%)	$	20,180	$	14,040

NCLs		(1,243)			(922)			(781)			(841)			(827)		(2%)	(33%)		(2,806)		(1,668)	(41%)
Replenishment of NCLs		1,243			922			781			841			827		(2%)	(33%)		2,806		1,668	(41%)
Net reserve builds/ (releases) for loans		(1,583)			(1,102)			(983)			(1,213)			613		NM	NM		(3,583)		(600)	83%
Provision for credit losses on loans (PCLL)		(340)			(180)			(202)			(372)			1,440		NM	NM		(777)		1,068	NM
Other, net^{(1)(2)(3)(4)(5)(6)}		53			(359)			(82)			(459)			2		100%	(96%)		(31)		(457)	NM
ACLL at end of period (b)	$	16,566		$	15,105		$	14,040		$	12,368		$	12,983		5%	(22%)	$	16,566	$	12,983

Consumer ACLUC⁽⁷⁾ (b)	$	44		$	35		$	29		$	139		$	165		19%	NM	$	44	$	165

Provision (release) for credit losses on unfunded lending commitments	$	1		$	(9)		$	(5)		$	109		$	19		(83%)	NM	$	(14)	$	127

Total allowance for credit losses on loans, leases and unfunded lending commitments [sum of (b)]	$	16,610		$	15,140		$	14,069		$	12,507		$	13,148		5%	(21%)	$	16,610	$	13,148

Consumer ACLL as a percentage of total consumer loans		4.35	%		4.09	%		3.73	%		3.53	%		3.65	%

Corporate
ACLL at beginning of period	$	3,542		$	2,672		$	2,610		$	2,415		$	3,025		25%	(15%)	$	4,776	$	2,415

NCLs		(77)			(39)			(85)			(31)			(23)		(26%)	(70%)		(262)		(54)	(79%)
Replenishment of NCLs		77			39			85			31			23		(26%)	(70%)		262		54	(79%)
Net reserve builds / (releases) for loans		(863)			(47)			(193)			601			(79)		NM	91%		(2,090)		522	NM
Provision for credit losses on loans (PCLL)		(786)			(8)			(108)			632			(56)		NM	93%		(1,828)		576	NM
Other, net⁽¹⁾		(7)			(15)			(2)			9			23		NM	NM		(14)		32
ACLL at end of period (c)	$	2,672		$	2,610		$	2,415		$	3,025		$	2,969		(2%)	11%	$	2,672	$	2,969

Corporate ACLUC⁽⁷⁾ (c)	$	2,029		$	2,028		$	1,842		$	2,204		$	2,028		(8%)	-	$	2,029	$	2,028

Provision (release) for credit losses on unfunded lending commitments	$	43		$	(4)		$	(188)		$	365		$	(178)		NM	NM	$	(568)	$	188

Total allowance for credit losses on loans, leases and unfunded lending commitments [sum of (c)]	$	4,701		$	4,638		$	4,257		$	5,229		$	4,997		(4%)	6%	$	4,701	$	4,997

Corporate ACLL as a percentage of total corporate loans⁽⁷⁾		0.93	%		0.91	%		0.85	%		1.00	%		1.00	%

Footnotes to this table are on the following page (page 16).

Page 15

ALLOWANCE FOR CREDIT LOSSES ON LOANS AND UNFUNDED LENDING COMMITMENTS

Page 2

The following footnotes relate to the table on the preceding page (page 15):

(1)	Includes all adjustments to the allowance for credit losses, such as changes in the allowance from acquisitions, dispositions, securitizations, foreign currency translation (FX translation), purchase accounting adjustments, etc.

(2)	2Q21 consumer includes an increase of approximately $53 million related to FX translation.

(3)	3Q21 includes an approximate $280 million reclass related to the announced sale of Citi's consumer banking operations in Australia. The ACLL was reclassified to Other assets during 3Q21. 3Q21 consumer also includes a decrease of approximately $80 million related to FX translation.

(4)	4Q21 includes an approximate $90 million reclass related to the announced sale of Citi's consumer banking operations in the Philippines. The ACLL was reclassified to Other assets during 4Q21. 4Q21 consumer also includes a decrease of approximately $6 million related to FX translation.

(5)

1Q22 includes an approximate $350 million reclass related to the announced sales of Citi's consumer banking businesses in Thailand, India, Malaysia, Taiwan, Indonesia, Bahrain, and Vietnam. The ACLL was reclassified to Other assets during 1Q22. 1Q22 consumer also includes a decrease of approximately $100 million related to FX translation.

(6)	2Q22 primarily relates to FX translation.

(7)	Represents additional credit reserves recorded as other liabilities on the Consolidated Balance Sheet.

(8)	June 30, 2021, September 30, 2021, December 31, 2021, March 31, 2022 and June 30, 2022 exclude $7.7 billion, $7.2 billion, $6.1 billion, $5.7 billion, and $4.5 billion respectively, of loans that are carried at fair value.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 16

NON-ACCRUAL ASSETS

(In millions of dollars)


											2Q22 Increase/
	2Q		3Q		4Q		1Q		2Q		(Decrease) from
	2021		2021		2021		2022		2022		1Q22	2Q21

Corporate non-accrual loans by region⁽¹⁾
North America	$	895	$	923	$	510	$	462	$	304	(34%)	(66%)
EMEA		447		407		367		688		712	3%	59%
Latin America		767		679		568		631		563	(11%)	(27%)
Asia		141		110		108		85		76	(11%)	(46%)
Total	$	2,250	$	2,119	$	1,553	$	1,866	$	1,655	(11%)	(26%)

Corporate non-accrual loans⁽¹⁾
Banking	$	1,852	$	1,739	$	1,239	$	1,323	$	1,015	(23%)	(45%)
Services		81		74		70		297		353	19%	NM
Markets		12		13		12		13		11	(15%)	(8%)
Mexico SBMM		305		293		232		233		276	18%	(10%)
Total	$	2,250	$	2,119	$	1,553	$	1,866	$	1,655	(11%)	(26%)

Consumer non-accrual loans⁽¹⁾
Personal Banking and Global Wealth Management	$	711	$	637	$	680	$	586	$	536	(9%)	(25%)
Asia Consumer⁽²⁾		303		259		209		38		34	(11%)	(89%)
Mexico Consumer		612		549		524		512		493	(4%)	(19%)
Legacy Holdings Assets-Consumer		506		425		413		381		317	(17%)	(37%)
Total	$	2,132	$	1,870	$	1,826	$	1,517	$	1,380	(9%)	(35%)

Total non-accrual loans (NAL)	$	4,382	$	3,989	$	3,379	$	3,383	$	3,035	(10%)	(31%)

Other real estate owned (OREO)⁽³⁾	$	33	$	21	$	27	$	26	$	13	(50%)	(61%)

NAL as a percentage of total loans		0.65%		0.60%		0.51%		0.51%		0.46%

ACLL as a percentage of NAL		439%		444%		487%		455%		526%

(1)

Corporate loans are placed on non-accrual status based upon a review by Citigroup's risk officers. Corporate non-accrual loans may still be current on interest payments. With limited exceptions, the following practices are applied for consumer loans: consumer loans, excluding credit cards and mortgages, are placed on non-accrual status at 90 days past due, and are charged off at 120 days past due; residential mortgage loans are placed on non-accrual status at 90 days past due and written down to net realizable value at 180 days past due. Consistent with industry conventions, Citigroup generally accrues interest on credit card loans until such loans are charged off, which typically occurs at 180 days contractual delinquency. As such, the non-accrual loan disclosures do not include credit card loans. The balances above represent non-accrual loans within Consumer Loans and Corporate Loans on the Consolidated Balance Sheet.

(2)	Asia Consumer includes balances for certain EMEA countries for all periods presented.

(3)	Represents the carrying value of all property acquired by foreclosure or other legal proceedings when Citigroup has taken possession of the collateral. Also includes former premises and property for use that is no longer contemplated.

NM Not meaningful.

Reclassified to conform to the current period's presentation.

Page 17

CITIGROUP

CET1 CAPITAL AND SUPPLEMENTARY LEVERAGE RATIOS, TANGIBLE COMMON EQUITY, BOOK VALUE PER

SHARE AND TANGIBLE BOOK VALUE PER SHARE

(In millions of dollars or shares, except per share amounts and ratios)


	June 30,		September 30,		December 31,		March 31,		June 30,
Common Equity Tier 1 Capital Ratio and Components ⁽¹⁾	2021		2021⁽²⁾		2021⁽²⁾		2022⁽²⁾		2022⁽³⁾

Citigroup common stockholders' equity ⁽⁴⁾	$	184,289	$	183,005	$	183,108	$	178,845	$	180,150
Add: qualifying noncontrolling interests		138		136		143		126		129
Regulatory capital adjustments and deductions:
Add:
CECL transition provision ⁽⁵⁾		3,774		3,389		3,028		2,271		2,271
Less:
Accumulated net unrealized gains (losses) on cash flow hedges, net of tax		864		663		101		(1,440)		(2,106)
Cumulative unrealized net gain (loss) related to changes in fair value of financial
liabilities attributable to own creditworthiness, net of tax		(1,258)		(1,317)		(896)		27		2,145
Intangible assets:
Goodwill, net of related deferred tax liabilities (DTLs)⁽⁶⁾		20,999		20,689		20,619		20,120		19,504
Identifiable intangible assets other than mortgage servicing rights
(MSRs), net of related DTLs		3,986		3,899		3,800		3,698		3,599
Defined benefit pension plan net assets; other		2,040		2,068		2,080		2,230		2,038
Deferred tax assets (DTAs) arising from net operating loss, foreign tax credit
and general business credit carry-forwards		11,192		10,897		11,270		11,701		11,757
Excess over 10% / 15% limitations for other DTAs, certain
common stock investments and MSRs⁽⁸⁾		-		-		-		1,157		727
Common Equity Tier 1 Capital (CET1)	$	150,378	$	149,631	$	149,305	$	143,749	$	144,886
Risk-Weighted Assets (RWA)⁽⁵⁾	$	1,277,234	$	1,284,316	$	1,219,175	$	1,263,298	$	1,220,000
Common Equity Tier 1 Capital ratio (CET1/RWA)		11.77%		11.65%		12.25%		11.38%		11.9%

Supplementary Leverage Ratio and Components
Common Equity Tier 1 Capital (CET1)⁽⁵⁾	$	150,378	$	149,631	$	149,305	$	143,749	$	144,886
Additional Tier 1 Capital (AT1)⁽⁷⁾		19,258		19,271		20,263		20,266		20,265
Total Tier 1 Capital (T1C) (CET1 + AT1)	$	169,636	$	168,902	$	169,568	$	164,015	$	165,151
Total Leverage Exposure (TLE)⁽⁵⁾	$	2,903,760	$	2,911,050	$	2,957,764	$	2,939,533	$	2,936,894
Supplementary Leverage ratio (T1C/TLE)		5.84%		5.80%		5.73%		5.58%		5.6%


Tangible Common Equity, Book Value and Tangible Book Value Per Share
Common stockholders' equity	$	184,164	$	182,880	$	182,977	$	178,714	$	180,019
Less:
Goodwill		22,060		21,573		21,299		19,865		19,597
Intangible assets (other than MSRs)		4,268		4,144		4,091		4,002		3,926
Goodwill and identifiable intangible assets (other than MSRs) related to assets HFS		-		257		510		1,384		1,081
Tangible common equity (TCE)	$	157,836	$	156,906	$	157,077	$	153,463	$	155,415
Common shares outstanding (CSO)		2,026.8		1,984.3		1,984.4		1,941.9		1,936.7
Book value per share (common equity/CSO)	$	90.86	$	92.16	$	92.21	$	92.03	$	92.95
Tangible book value per share (TCE/CSO)	$	77.87	$	79.07	$	79.16	$	79.03	$	80.25

(1)See footnote 7 on page 1.

(2)See footnote 5 on page 3.

(3)2Q22 is preliminary.

(4)Excludes issuance costs related to outstanding preferred stock in accordance with Federal Reserve Board regulatory reporting requirements.

(5)See footnote 8 on page 1.

(6)Includes goodwill “embedded” in the valuation of significant common stock investments in unconsolidated financial institutions.

(7)Additional Tier 1 Capital primarily includes qualifying noncumulative perpetual preferred stock and qualifying trust preferred securities.

(8)Assets subject to 10%/15% limitations include MSRs, DTAs arising from temporary differences and significant common stock investments in unconsolidated

financial institutions. As of March 31, 2022 and June 30, 2022, the deduction related only to DTAs arising from temporary differences that exceeded the 10% limitation.

Reclassified to conform to the current period's presentation.

Page 18